Oil falls on hopes Russia-Ukraine energy ceasefire will boost supplies

US President Donald Trump announced that Russia and Ukraine had agreed to an immediate ceasefire covering energy targets, according to reports by Hiru News and Ada Derana. The reports describe the agreement as focused on energy infrastructure rather than a broader halt to fighting.

Ukrainian President Volodymyr Zelenskyy reacted with surprise, saying the announcement was news to him, according to Hiru News and Ada Derana. The reports do not provide details about how the agreement was reached or whether both sides had formally confirmed it.

Ada Derana also reported that Ukraine said Russia continued to hit energy targets despite Trump’s announcement. The reports do not specify the sites or timing of those strikes.

Oil prices fell on expectations that an energy ceasefire could help increase supplies, Ada Derana reported. The supplied reports do not give further details on the ceasefire’s implementation or what happens next.

Written automatically by AI from the outlets’ own reports, and not reviewed by an editor. It can be wrong — the original report is the authority.